Michigan Code § 141.312

Definitions.
Open in Lexace · Ask the AI about this section
Sec. 2.
As used in this act:
(a) The terms "city" and "village" mean any city and any village in the state of Michigan existing or operating under a special or home rule charter as well as any under a general charter; and
(b) The term "electric revenue certificates" means evidences of obligations, incurred by any city or village for or to provide funds for the extension or improvement of its electric plant or system, which are payable solely from the revenues derived from the operation of said plant or system, in whatever form.
History: 1956, Ex. Sess., Act 11, Imd. Eff. Oct. 2, 1956

‹ Prev All Michigan sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.